According to advisory firm JLL, the volume of investment transactions, concluded to date on the commercial real estate market in Poland, totalled €2.850 billion. So far, the retail sector saw the most investor activity with a total investment volume of €1.425 billion. The office sector accounted for €1 billion, while industrial came in with €415 million.
In the period from the beginning of 2016 to date, the Capital Markets team at JLL Poland advised on finalized investment transactions for commercial real estate worth €1.78 billion. With a 67 percent agent market share, JLL is the clear leader in Poland.
Tomasz Puch, Head of Office and Industrial Investment at JLL Poland, said: “The period from the beginning of October 2015 to the end of September 2016, saw experts from JLL Poland advise on finalized investment transactions on office, retail and industrial real estate worth €3 billion. Currently, JLL’s team in Poland is involved in ongoing investment transactions, at different advancement phases, worth around €4 billion.”
From the beginning of October 2015 to date, experts from JLL advised on sales and acquisitions of: 75 percent stake in Echo’s commercial real estate platform in Poland (sell side advisory to Griffin, Pimco and Oaktree; the biggest transaction in the history of the Polish market), NBGI logistics portfolio (sell side advisory to NBGI), Stary Browar in Poznań (€290 million, sell side advisory to Fortis Nowy Stary Browar), the TriGranit real estate platform, including Bonarka for Business and the Bonarka City Center in Kraków (buy side advisory to TPG), Karolinka in Opole and Pogoria in Dąbrowa Górnicza (€221 million, sell side advisory to Blackrock), Galeria Sfera in Bielsko – Biała (sell side advisory to Bielsko Business Centre), the Prime Corporate Center in Warsaw (sell side advisory to Golub GetHouse), Immofinanz logistics assets in Warsaw and Katowice (buy side advisory to Blackstone/Logicor), Wiśniowy Business Park (C, D, E, F) in Warsaw (buy side advisory to Valad), Zaułek Piękna in Warsaw (sell side advisory to Invesco Real Estate), the Warsaw Corporate Center in Warsaw (sell side advisory to MEAG), Opera Office in Gdańsk (sell side advisory to EURO STYL), Okrąglak and Kwadraciak in Poznań as well as Forum 76 in Łódź (buy side advisory to Benson Elliot / Sharow Capital), the Pixel office building in Poznań (sell side advisory to Garvest Real Estate), Neptun Office Center in Gdańsk and the Sterlinga Business Center in Łódź (buy side advisory to GTC), the Quattro FIVE office building in Kraków (sell side advisory to Grupa Buma), as well as Ferio in Konin (buy side advisory to Union Investment), CH Krokus (buy side advisory to Mayland), Galeria Sandomierz (sell side advisory to Euro Real Estate Investments LLP), Amazon Fulfilment Center (buy side advisory to GLL), Hillwood Portfolio (buy side advisory to CBRE GI) and many others.
Furthermore, JLL also advised on major transactions awaiting finalization such as the Gdański Business Center (€186 million, sell side advisory to HB Reavis), Focus Park in Zielona Góra and Focus Mall in Piotrków Trybunalski (€161 million, sell side advisory to Aviva Polish Retail Fund) as well as Galeria Warmińska in Olsztyn (€150 million, sell side advisory to Libra Project 2).